Summary
- Reported that the Ethereum mainnet's daily transaction count recorded an all-time high of about 2.12 million.
- Stated that the Ethereum network's continuous upgrades contributed to the increase in transaction volume and the decline in fees.
- Said that Ethereum's average fee is about 17 cents and is on a downward trend, which could be positive for investors.
The Ethereum (ETH) mainnet's daily transaction count has reached a new all-time high.
On the 31st (local time), according to Etherscan, the previous day (30th) the Ethereum mainnet's daily transaction count was about 2.12 million, marking a record high. Cointelegraph said, "The Ethereum blockchain has undergone two upgrades this year, experiencing significant changes," and said, "The upgrades likely contributed to the surge in transaction volume."
Fees are also declining. As of the same day, the Ethereum mainnet's average fee was about 17 cents. Ethereum mainnet fees have been steadily declining after reaching about $8.48 on October 10. Cointelegraph said, "The time Ethereum recorded its highest fees was May 2022, when per-transaction fees exceeded $200," and said, "Thanks to continuous upgrades, fees have decreased even as network usage continued to increase."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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